$NEO is the native cryptocurrency of the blockchain platform, which is often referred to as the "Ethereum of China. is a smart contract platform that enables the development of decentralized applications and digital assets. Its goal is to create a "smart economy" by combining digital assets, digital identities, and smart contracts on its blockchain.
Key Features of $NEO
1. Smart Contracts and : NEO supports the creation and execution of smart contracts and decentralized applications with its blockchain. It provides a platform for developers to build and deploy blockchain-based applications.
Dual Token System: NEO uses a dual-token system consisting of:
NEO: The governance token used to vote on network upgrades and decisions. NEO tokens cannot be mined but can be staked to generate another token, GAS.
GAS: Used to pay for transaction fees and to power the execution of smart contracts on the NEO network. GAS tokens are generated by holding NEO tokens.
Digital Identity: $NEO O focuses on enabling digital identity through the blockchain. It provides mechanisms to digitize real-world assets and allow them to be securely and efficiently traded or verified on the blockchain.
High Throughput and Scalability: uses a Delegated Byzantine Fault Tolerance consensus mechanism, which allows it to process thousands of transactions per second, making it one of the more scalable . This makes an attractive platform for enterprise use cases